Students are encouraged to carefully research all financial options and ensure they have adequate funding in place to complete their course of study. These options include, but are not limited to:
StudentAid BC is the student financial assistance program offered through the B.C. Ministry of Advanced Education. Southern Skies Aviation students who qualify may receive funding assistance through StudentAid BC. These loans are intended to supplement your own resources and will not cover all costs. All students are required to have a Private Pilot License before applying for funding under StudentAid BC to pursue commercial, fixed-wing flight training. Prospective Integrated Commercial Pilot Course students are advised to discuss their qualification with BCSAP prior to starting the course. No formal confirmation will be granted until the student receives their Private Pilot License in the first part of the course. StudentAid BC holds the following eligibility criteria for all Aviation Programs:
Students enrolled and attending aviation programs, including those for Commercial Pilot, endorsements (Multi-Engine, Instrument flight training and float) and Flight Instructors are eligible for a maximum of:
Limits of Assistance Allowable – Chapter 6 Sect. 2 Student Aid BC Policy and Procedure Manual
STUDENTS WITHOUT DEPENDANTS - $320 per week
STUDENTS WITH DEPENDANTS - $510 per week
For more information, visit the Ministry of Advanced Education BC Student Assistance Program StudentAid BC.
HRDC Employment Insurance: You may be able to apply for partial funding through Human Resources Development Canada. The criteria are as follows:
Apply at your local employment centre. The process will take six to ten weeks.
Financial Lending Institution: Many banks offer a student line of credit. Some banks will offer much higher limits than others for a student line of credit or student loan. It is definitely worthwhile to check with numerous banks to get the optimal plan in place. The advantage of this type of funding is you only borrow the exact amount your need. Check with the loans department at banks or credit unions for more details and to see if you qualify.
Awards and Bursaries:
Southern Skies Aviation Ltd. does not offer Awards or Bursaries at this time. There are websites designed to assist students in accessing scholarships, bursaries, grants and other forms of financial assistance. Southern Skies Aviation Ltd. does not endorse any particular website, but can assist students with contact information.